ConocoPhillips stock climbs on Venezuela oil shake-up; $10 billion claims back in focus
ConocoPhillips shares closed up 2.6% at $99.20 Monday as energy stocks rallied after President Trump said the U.S. would keep its embargo on Venezuelan oil exports. J.P. Morgan analysts estimate ConocoPhillips’ outstanding Venezuela claims near $10 billion. Brent crude settled up $1.01 at $61.76 a barrel. Traders await U.S. oil inventory data and talks between officials and oil executives later this week.